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Barchart
Barchart
Subhasree Kar

Lam Research Stock Just Got a New Street-High Price Target. NAND Equipment Demand Can Take LRCX Higher.

Lam Research Lam LRCX Semiconductor Citi Memory

The artificial intelligence (AI) boom is reshaping the semiconductor industry, and investors are increasingly looking beyond chip designers toward the companies supplying the tools needed to manufacture next-generation processors and memory. Lam Research Corporation (LRCX) has emerged as a key beneficiary of this trend, with its stock gaining fresh momentum after Citi lifted its price target to a Street-high $450 while maintaining a bullish outlook on the semiconductor equipment sector.

Citi noted a bullish outlook for NAND equipment demand driven by the rapid expansion of AI workloads. It expects rising memory requirements from agentic AI, tighter DRAM supply, and increased adoption of solutions such as KV cache offloading to accelerate demand for NAND and semiconductor manufacturing equipment.

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